Short-eye view past 9:55, 142.761 also anticipated
It moved back and forth in the mid-144s.
Back and forth many times.
Regardless of direction,
there is no decisive move, and selling pressure could intensify.
The Conference Board reported
the U.S. consumer confidence index for September at 98.7, a large decline not seen in three years.
It undershot all market expectations (median forecast was 104).
Concerns about the labor market and overall economy were reflected.
The expectations index and current conditions index for the next six months also declined.
Governor Ueda, at a press conference,
reiterated that there is "time to spare."
He repeated remarks from the previous Bank of Japan policy meeting
As a result, JGB yields fell sharply. In that sense, the dollar/yen was
supported, but basically
the dollar/yen selling pressure from U.S. rate cuts
is likely large, so yen weakness may not continue
Is the sentiment a dollar/yen short?
Today is the Gotō day
I will trade with a big-picture view
Looking at a daily chart
It is being pressed by the red downtrend line
I will view the recent pullback in the uptrend with Fibonacci
This is the four-hour chart
A decline after a double top
Fibonacci 38.2% around 142.761, a potential rebound to that level, but
this morning there is expected to be demand on the physical side
I will look at the one-hour chart
With this kind of image in mind
I will continue with time-aware trading this morning
Since I feel strong selling pressure, I will target a short position after 9:55.